The bill S. 366 aims to amend various sections of the South Carolina Code of Laws concerning homeowners' associations (HOAs) and the rights of homeowners. Key provisions include allowing homeowners to display additional flags, such as the U.S. flag and state flag, regardless of any restrictive covenants or HOA rules. It also mandates that HOAs disclose any payments made to their officers and requires transparency regarding contracts entered into by the association. Furthermore, the bill introduces a new section that limits HOAs from restricting homeowners' freedom of speech and prohibits them from foreclosing on a homeowner's primary residence for unpaid dues.

Additionally, the bill nullifies any provisions in HOA governing documents that grant the authority to foreclose on a homeowner's property. It clarifies that while HOAs can place liens for unpaid dues, they cannot enforce foreclosure actions. The amendments are designed to enhance homeowner rights and ensure greater transparency and accountability within homeowners' associations. The provisions are set to take effect on July 1, 2025, following approval by the Governor.

Statutes affected:
02/20/2025: 27-1-60, 27-30-150, 27-30-180, 15-41-30, 27-30-130
Latest Version: 27-1-60, 27-30-150, 27-30-180, 15-41-30, 27-30-130